| ANDHRA PETRO |
| Andhra Petrochemicals recommends dividend
Of 5%
The board of Andhra Petrochemicals in its meeting on 19 May 2012 has
recommended dividend at the rate of 5% per equity share. |
|
| BANCO PROD. |
| Banco Products India adjourns board meeting
To 28 May 2012
The board meeting of Banco Products India which is scheduled to be held on
19 May 2012 has been rescheduled. The meeting will now be held on 28 May
2012. |
|
| REL.CAP. |
| Reliance Capital recommends dividend
Of Rs 7.50 per share
The board of Reliance Capital in its meeting on 19 May 2012 has recommended
dividend at the rate of Rs 7.50 per equity share of Rs 10 each. |
|
| ESSAR OIL |
| Essar Oil signs MoU with L&T for bitumen supply
To supply 15,000 MT of bitumen for L&T's road projects in Gujarat
Essar Oil and Larsen & Toubro (L&T) have signed a Memorandum of
Understanding (MoU) for supplies of high quality bitumen for key
infrastructure projects in Gujarat undertaken by the engineering giant. The
initial supply agreement is for a quantity of 15,000 metric tonnes over the
course of the project and is likely to be extended to other projects in and
around the state.
Essar Oil will provide supplies for the Kandla - Mundra Road Project (KMRP)
and the Samakhaiyali - Gandhidham Road Project (SGRP), both in the state of
Gujarat from its state-of-the-art refinery in Vadinar. This cooperation
will soon be extended to projects like the Kishangarh - Udaipur - Ahmedabad
Road Project, among others.
Essar Oil has existing relationship with L&T under which it supplied about
60,000 metric tonnes of high quality bitumen over the last 18 months for
L&T's various road projects. The new MoA is over and above that quantity.
Essar Oil will ensure availability of quality product for the projects and
the relationship with L&T will open up avenues for sales of its refinery
product. |
|
| JAIN IRRIG |
| Jain irrigation partners with G8's new alliance for food and nutrition
security in Africa
Jain Irrigation Systems has agreed to partner with G8 & various African
nations to invest in Africa on the occasion of 'The New Alliance for Food
Security in Africa' symposium held on 18th May at Ronald Reagan Building,
Washington DC. Prior to the event, Hillary Clinton hosted the GS partner
organisations and country heads at State House where African Union
President Jean Ping, Tanzania President Jakaya Kikwete and Ghana's
President Mr. Atta Mills were also present. |
|